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PGS reaches agreement with lenders to defer payments

Offshore survey specialist PGS has announced that it has entered into a lock-up agreement with the majority of its lenders to defer its loan payments. The company signed agreements with lenders representing 79.6% of its $350m revolving creditor facility and $522m term loan B facility, and it also entered into a consent and amendment agreement with …

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Offshore survey specialist PGS has announced that it has entered into a lock-up agreement with the majority of its lenders to defer its loan payments. The company signed agreements with lenders representing 79.6% of its $350m revolving creditor facility and $522m term loan B facility, and it also entered into a consent and amendment agreement with …

[post_title] => PGS reaches agreement with lenders to defer payments [post_excerpt] => Offshore survey specialist PGS has announced that it has entered into a lock-up agreement with the majority of its lenders to defer its loan payments. The company signed agreements with lenders representing 79.6% of its $350m revolving creditor facilit... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => pgs-reaches-agreement-with-lenders-to-defer-payments [to_ping] => [pinged] => [post_modified] => 2020-10-22 02:10:12 [post_modified_gmt] => 2020-10-22 02:10:12 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=129884 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )